History

During its more than 40 years of operations, NIB has financed over 2,300 investment projects around the world, thereby contributing to business cooperation, investing activity and the prosperity of the member countries.

Signing the agreement for the establishment of NIB on 4 December 1975, from the left: Minister of Justice Kristian Gestrin, Finland; Minister of Finance Kjell-Olof Feldt, Sweden; Foreign Minister Ivar Nørgaard, Denmark; Church and Education Minister Bjartmar Gjerde, Norway; and Iceland’s Ambassador to Denmark, Sigurður Bjarnason.

1976

Operations begin in August, after Denmark, Finland, Iceland, Norway and Sweden decided in 1975 to set up the Nordic Investment Bank to promote economic growth and cooperation between the Nordic countries. Bert Lindström (Sweden) becomes the first president of NIB.